Over 341 million US dollars flood into the US spot BTC ETF market

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On February 5th, according to CoinDesk, Citibank's latest research report pointed out that as the cryptocurrency market matures, the investor base expands, and technology advances, its correlation with the stock market will gradually decrease. The report shows that in 2024, cryptocurrency is the only asset class with a continuously increasing market value as a percentage of US stocks. Analyst Alex Saunders stated that the increasingly transparent regulatory framework in the United States will encourage cryptocurrency assets to form more independent trends, while Bitcoin volatility is expected to decline in the long term as institutional investor participation increases. Citigroup also suggests paying attention to the correlation between Bitcoin and gold, believing that this may indicate the development of its stored value properties.

According to BlockBeats, on February 5th, The Block reported that the ETH supply has reached 120521523 ETH, an increase of approximately 383 ETH from the September 2022 merger. Presto Research analyst Jaehyun Ha explained that this inflation is mainly due to the Dencun upgrade implemented in March 2024. The blob trading mechanism introduced in this upgrade uses independent fee units, which weakens the original ETH destruction effect and may affect Ethereum's deflationary properties as a "ultrasonic currency". DeSpread Research researcher Byoungjoon Kim pointed out that the recent meme craze has led to a large number of users and liquidity turning to the Solana network, and the emergence of numerous Layer 2 solutions after Dencun's upgrade has also had an impact on the Ethereum ecosystem. Previously, it was reported that the current circulation of ETH has exceeded the level before the Ethereum PoS merger.

Odaily Planet Daily News: Mena Theodorou, co-founder of cryptocurrency exchange Coinstash, said that despite Trump's suspension of the tariff war, investors still feel panic and seek safe haven, expecting greater volatility in the future. He pointed out that "tariffs of this scale are often seen as unfavorable for risky assets such as Bitcoin and other cryptocurrencies." Gold rose to a historic high today, while the US dollar index rose to a new high for the year. However, Theodore believes that Trump has also brought a glimmer of hope at the end of the tunnel, including a potential Bitcoin strategic reserve plan. （DL News）

On February 5th, according to Blockworks, Katherine Dowling, the legal director of Bitwise and former US prosecutor, stated that the SEC is currently in a "transitional period" and needs to wait for the confirmation of the new chairman Paul Atkins. Dowling pointed out that the cooperation between the SEC and CFTC is strengthening, and the newly established cryptocurrency working group has a positive attitude. But on the issue of securities attributes of assets such as XRP and Solana, the SEC still needs instructions from the new leadership. She expects the Bitcoin Ethereum ETF portfolio to be approved quickly, while other cryptocurrency ETFs will require longer approval times.